Stifel to Acquire Vining Sparks

Stifel Financial Corp. announced it has entered into a definitive agreement to acquire 100% of Vining Sparks and its affiliates. Terms of the transaction, which is expected to close in the fourth quarter of 2021, were not disclosed. Established in 1981 and headquartered in Memphis, Tennessee, Vining Sparks has approximately 275 employees in 13 offices throughout the United States. The firm provides institutional fixed income brokerage, balance sheet management and underwriting services to more than 4,000 institutional clients in all 50 states, with a core focus on depository institutions, but also serving municipalities, money managers, insurance companies, trust departments and pension funds. Vining Sparks has averaged $150 billion in annual trading volume and generated average annual revenue of nearly $150 million since 2008.